Minnesota Association Of Realtors
- Assets
- $10.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Minnetonka, MN
- Founding
- 07/1958
- Data as of
- 12/2021
- EIN
- 41-6039154
Organization Overview
Minnesota Association Of Realtors is located in Minnetonka, MN. The organization was established in 1958. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Minnesota Association Of Realtors employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Association Of Realtors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Minnesota Association Of Realtors generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS MEMBERS' FIRST RESOURCE FOR REAL ESTATE INFORMATION AND PROFESSIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - THE MINNESOTA ASSOCIATION OF REALTORS HAD 21,500 MEMBERS FOR THE YEAR ENDED DECEMBER, 2021. AMONG THE SERVICES PROVIDED TO MEMBERS, THE ASSOCIATION:1. CONDUCTED PEER REVIEWS OF COMPLAINTS AGAINST REALTORS; 2. PROVIDED REAL ESTATE TRANSACTION FORMS THAT GIVE CONSISTENCY FOR ALL OF THE DIFFERENT TRANSACTIONS CONDUCTED BY REALTORS; 3. PROVIDED BROKERS WITH THE LEGAL HOTLINE, A FREE LEGAL SERVICE FOR BROKERS TO TALK TO ATTORNEYS REGARDING TRANSACTIONS; AND4. PROVIDED CONTINUING EDUCATION TO MEMBERS.
CAPITOL CONFERENCE - THE ASSOCIATION RECEIVED UPDATES ON LEGISLATION CONCERNING REAL ESTATE AND VISITED WITH LEGISLATORS IN SUPPORT OF OUR MEMBERS.
STATE CONFERENCE - THE ANNUAL CONFERENCE UNITES OUR MEMBERSHIP ACROSS THE STATE WHILE PROMOTING EDUCATION, NETWORKING AND DISCUSSION ON REAL ESTATE ISSUES AND PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Galler Christopher Chief Executive Officer | Officer | 60 | $239,661 |
Dioury Susan Senior Vp, Risk Management | 60 | $157,608 | |
Boschke Heather Vp, Marketing & Communications | 60 | $133,967 | |
Eger Paul Vp, Government Affairs | 60 | $133,308 | |
Fox Thomas Cfo, COO | 60 | $131,406 | |
Andersen Carrie Senior Vp, Member Services | 60 | $130,308 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coordinated Business Solutions A/v Equipment | 12/30/21 | $129,154 |
Sensible Housing Ballot Committee Market Surveys | 12/30/21 | $125,000 |
Lone Wolf Real Estate Technologies Access To Real Estate Forms | 12/30/21 | $288,190 |
The Bainey Group Building Remodel | 12/30/21 | $273,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,221 |
| Total Program Service Revenue | $4,690,712 |
| Investment income | $102,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,985 |
| Net Rental Income | $57,750 |
| Net Gain/Loss on Asset Sales | $47,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $121,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,202,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $252,085 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $306,920 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,648,965 |
| Pension plan accruals and contributions | $119,030 |
| Other employee benefits | $443,281 |
| Payroll taxes | $140,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,576 |
| Fees for services: Accounting | $72,378 |
| Fees for services: Lobbying | $99,704 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $399,553 |
| Advertising and promotion | $8,013 |
| Office expenses | $424,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,345 |
| Travel | $86,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,927 |
| Interest | $873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,714 |
| Insurance | $33,993 |
| All other expenses | $4,523 |
| Total functional expenses | $4,812,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,575,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $605,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $125,809 |
| Net Land, buildings, and equipment | $3,672,194 |
| Investments—publicly traded securities | $3,500,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,479,384 |
| Accounts payable and accrued expenses | $462,140 |
| Grants payable | $0 |
| Deferred revenue | $2,403,811 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $78,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,944,746 |
| Net assets without donor restrictions | $7,534,638 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,479,384 |
Grants Awarded
Over the last fiscal year, Minnesota Association Of Realtors has awarded $243,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA HOMEOWNERS ALLIANCE INC PURPOSE: PROMOTING SOCIAL WELFARE | $193,000 |
Chicago, IL PURPOSE: HOUSING-RELATED ASSISTANCE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota Association Of Realtors has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $95,000 |
Rx Abuse Leadership Initiative Washington, DC PURPOSE: TO SUPPORT THE CAMPAIGN ADDRESSING THE CURRENT OPIOID CRISIS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benedictine Living Community Owatonna Minneapolis, MN | $16,154,920 | $11,439,984 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
Rochester Mn Convention & Visitors Bureau Rochester, MN | $3,813,150 | $6,781,864 |
Builders Association Of The Twin Cities Roseville, MN | $16,664,252 | $7,996,813 |
St Paul Area Board Of Realtors Inc Multiple Listing Service St Paul, MN | $14,704,848 | $6,091,315 |
Better Business Bureau Of Minnesota Inc Burnsville, MN | $5,220,297 | $4,952,353 |
Minnesota Association Of Realtors Minnetonka, MN | $10,479,384 | $5,202,086 |
Greater Minneapolis Chamber Of Commerce Minneapolis, MN | $1,657,296 | $4,628,639 |
Door County Visitor Bureau Inc Sturgeon Bay, WI | $5,249,260 | $5,589,683 |
Greater Des Moines Convention And Visitors Bureau Inc Des Moines, IA | $2,863,787 | $3,767,003 |
Iowa Association Of Realtors West Des Moines, IA | $6,111,442 | $3,764,514 |
Saint Paul Area Chamber Of Commerce St Paul, MN | $2,067,374 | $2,351,023 |